MarketWatch: After 'Great Depression 2' in 2011, a 100-year bear market?

[marmar]

PAUL B. FARRELL
After 'GD2' in 2011, a 100-year bear market?
Seven self-sabotaging 'growth' scenarios killing the great American dream
By Paul B. Farrell, MarketWatch


ARROYO GRANDE, Calif. (MarketWatch) -- What is next? If the "Great Depression 2" scenario plays out, what's after 2011? Recovery? A new bull? How can you protect your money? Or are we all helpless victims of the raging winds of fate and Wall Street's self-serving brand of capitalism.

Let's review several scenarios in the bright lens of Akira Kurosawa's classic 1950 film, "Rashomon," at once an ancient Kabuki morality play, a tense modern courtroom drama, and a revealing documentary on human psychology. In "Rashomon" we witness the murder of a Samurai warrior and a rape through the eyes of several witnesses, each swearing they saw what "really happened."

We "see" these tragedies in a forest through the eyes of a Woodcutter, Priest, Samurai's Wife, the accused Bandit, and the Samurai, speaking through a Medium. But as "the facts" unfold, the lies and contractions of biased minds are exposed and the truth becomes increasingly blurred. In the end, we are still wondering: What really happened?

Similarly, today we're asking; "What really happened to America, so fast?" With Bush, Paulson, Bernanke and their Reaganomics ideology? To my 401(k), my CDs, my kid's college fund, my retirement nest egg. To the great American dream? What happened?

Nightmare scenario No. 1: No exit, a never-ending disaster

Remember former Goldman Chairman John Whitehead? He "sees" a tragic ending: This Reagan Deputy Secretary of State and former New York Fed chairman "sees" America burning through trillions, over many years: "Nothing but large increases in the deficit ... worse than the Depression."

He worries that "tomorrow is the day Moody's and S&P will announce a downgrade of U.S. government bonds." Politicians and public are delusional, promising huge new programs plus tax cutting: "This is a road to disaster.' Like Sartre's existential tragedy, "No Exit," he says: "I don't see a solution." ......(more)

The complete piece is at: http://www.marketwatch.com/news/story/Worried-about-a-depression-How/story.aspx?guid=%7BFE3C1E3B%2D3D53%2D49C0%2D9DF3%2DFD94B0E4B9B3%7D

[Double T]

1. The current economic disaster has been in the works since at least 1981.

There is no way out of a total collapse regardless of how many 'worthless' trillions the US government throws at the crisis. Stimulus packages need to be halted immediately, who will pay for all this debt? *crickets*

[Warpy]

2. I doubt that will happen

In fact, if Obama is allowed to start addressing the demand side of the economic equation, we might get out of this with a recession.

However, any improvement in the overall economy has to contain a mechanism for keeping jobs here instead of allowing greedheads to export them to shave a few bucks off the bottom line and start the process all over again.

[girl gone mad]

6. We can have growth in the real economy and declines..

in the stock market at the same time.

[tularetom]

3. I'm a dumbass but I saw this coming

years ago when all these new financial instruments began popping up.

[xchrom]

4. reagonomics. nt

[G_j]

5. can anyone imagine a hundred years of growth?

Impossible, it is non sustainable.
The house of cards is falling.